Word: boom
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Dates: during 1950-1959
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...Paris knows, Jean Lurçat's rosy dream might come true. Europe is in the midst of a tapestry boom, and Lurçat can take much of the credit. A onetime cubist painter, he started designing tapestries shortly before World War II. His idea was that most contemporary work, modeled on the tastes of 18th century boudoir muralists, was too fussy and too expensive. Lurçat drew up designs with a simpler look, chose a few basic colors, and hired weavers at Aubusson's famed factories to turn them out. His 1946 show...
...homes; thousands more are remodeling their old ones. Partly, their activity is a new expression of the old American passion for working with their hands; it has sent the sales of power saws, sanders, drills, spray guns, and all power tools soaring. But mainly, the "build-it-yourself" boom is born of economic necessity. Not only has the oldtime handyman all but disappeared, but hired home builders or repairers are sometimes shoddy workmen, and always high-priced. Said a Chicago lumber dealer: "It's a simple economic fact that a $75-a-week bookkeeper...
Because of the travel boom, shippers believe that England's Queens have been exceptions to the general rule, and have been raking in dollars. But the Queens have a big advantage over the United States. Their labor costs are 75% lower, and they can shuttle back & forth on a weekly schedule, with scarcely an idle day. The United States, on 4½-day runs (leaving Manhattan about every two weeks), will have no sister ship to team up with; the America can't keep as fast a schedule. On top of this, all liners are waging a losing...
Spaghetti Boom. In Garland, Tex., Fred Harris put up a sign in his cafe: "Potato dinner $1.35. Big Idaho potatoes. Rest of meal free." Elsewhere, other restaurants began offering substitutes. Manhattan's elegant Chambord restaurant prepared to fly in potatoes from wherever they could find them...
...great oil boom has also churned up a parallel treasure hunt in the nation's securities markets. For investors, oil's lure is threefold: 1) as wealth in the ground, where its value is likely to keep abreast of inflation, 2) as the raw material of the new petrochemical industry, and 3) as the beneficiary of a "depletion allowance" which permits 27½% of income from producing wells to be plowed back before taxes are computed, thus giving oilmen a tax edge over most other industries. As a result, in two years the stocks of some...